SogoTrade vs Axos Invest Comparison: Fees, Features, and More (2026)

SogoTrade and Axos Invest are two leading discount brokerages offering commission-free stock and ETF trading. Use this head-to-head comparison table to evaluate fees, features, trading tools, and account options to help you decide which broker is right for you in 2026.

Head-to-Head Comparison: SogoTrade vs Axos Invest (2026)
Feature SogoTrade Axos Invest
Website https://www.sogotrade.com/ https://www.axos.com/invest
Broker Type Discount (online self-directed) Discount
Trading: Stock & ETF? Yes Yes
ETF & Stock commission $0 qualifying limit (100+ sh or ≥$2k principal, ≥$1/sh); $2.88 market/odd-lot/OTC $0 per trade (other fees may apply)
Fractional Shares? No No
Percent Allocations? No No (self-directed)
Crypto Trading? Yes, via Bakkt (individual non-retirement accounts; ~33 coins; all 50 US states, NY USDC restriction). No
Crypto Fees Greater of $1 or 1% of trade value (Bakkt); other account fees may apply. N/A
Options Trading? Yes. Yes (subject to approval)
Options Fee $0 + $0.50 per contract online; $25 + $0.50 broker-assisted; plus ORF/OCC/regulatory fees. $1.00 per contract ($0.80 with Axos Elite, $10/mo)
Bond Trading Available? Yes, broker-assisted only ($30 + $1 per bond, $250 max) for Treasuries, corporates, CDs. No
Receives payment for order flow (PFOF)? Yes Yes (receives PFOF rebates)
Interface: Web trading? Yes (SogoTrade Pro web platform and mobile app). Yes
Desktop trading? No No
API Trading? No No
Mutual Funds: Offered? Yes, broker-assisted only Yes
Total Mutual Funds Not verified 10,000+
NTF Mutual Funds None 10,000+ (no-load)
Non-NTF Fund Fee $25 broker-assisted $0 (no-load)
Early Redemption Fee? Not verified Yes (no broker short-term fee listed)
Redemption Hold (Days) not applicable None listed by broker (fund-specific possible)
Early Redemption Fee not applicable $0 (no broker fee listed)
Accounts: Margin Accounts? Yes Yes (self-directed; approval required, $2,000 min equity)
IRAs Offered? Yes Yes (Traditional, Roth, Rollover; SEP not listed)
HSAs Offered? No No
Money Market Sweep? No Yes (Axos Clearing Insured Deposit Program)
CDs Offered? No No
Robo-Advisor: Offered Yes Yes
Robo-Advisor Service Power Portfolios Axos Managed Portfolios
Robo-Advisor Fees 0.75% Model fee 0.20–0.59% AUM (varies by model/AUM); $40 min annual if model fee <$10/qtr; +0.20% optional TLH ($25k+)
Basics: Headquarters New York, NY Las Vegas, NV
Year Founded 1986 2009 (as WiseBanyan); rebranded 2019
Clearing Firm Apex Clearing Axos Clearing LLC
Local Branches? No No
New Account Minimum unavailable $0 (Self-Directed); $50 IRA; $500 Managed Portfolios

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